Ivory Wealth Management works with a number of Foreign Exchange providers who can assist with transferring money and making foreign exchange payments out of and into South Africa, and of course, offshore.

We offer the most competitive exchange rates and no transaction fees.

We offer our services to both residents and non-residents and will have a solution for you. Whether you’re emigrating, selling your house locally or abroad, making a foreign investment, or donating funds to someone overseas we have a solution for you.

A South African Resident’s Annual Limits are as follows:

Private individuals may utilise the below Foreign Investment Allowance per calendar year:

• R 1,000,000 per adult – No SARS Tax Clearance Required

• R 10,000,000 per adult – SARS Tax Clearance Required

Ivory Wealth can assist clients with obtaining SARS tax clearances FREE within 1-2 days.

Clients are also able to make applications to the SARB to be able to move funds in excess of the R10 Million outlined above. We are able to process this SARB application on our client’s behalf.

Should you wish to have an offshore currency denominated banking account, we will assist in opening an account for you with one of our global partnered banks.